WTI: Crude Oil Day Intraday Rally Turns South – Weekend Risk May Send Market Higher Next Week
The market got off to a strong start in today’s session, with WTI rallying almost $2 per barrel. But the sentiment changed during the New Yo Full Article
Oil Prices Back Down at $85 As EIA Cuts 2024 Oil Demand Predictions
Yesterday Oil prices started the week with a bearish gap lower, but the gap was filled. Today sellers are back again, with WTI Oil lower. Full Article
WTI Oil Price Steady Despite Buildup in EIA Inventories
The Oil price remains steady in the US session despite the buildup in the EIA crude inventories, while expectations were for a drawdown Full Article
WTI: Crude Oil Extends its Rally – Market Awaits OPEC+ Meeting
WTI rallied over $1.30, or 1.6%, today as the market hears of strong US economic data and a surge in imports from Asia, with China and India Full Article
Oil Price Faces Resistance Around $83, EIA Inventory Jumps
Oil prices have been increasing since early February, with WTI gaining $10, but it has found it hard to push above the 200 weekly SMA Full Article
WTI: Russian Government Tells Refineries to Cut Production by June
Unnamed sources told Reuters that the Russian government had told produces of crude oil to cut production to 9 million bpd. Full Article
Oil Prices $2 Lower Despite EIA Inventories Drawdown
Crude Oil has been fiding solid demand recently, with WTI Oil climbing above $83 yesterday. But, today Oil prices have are $2 lower Full Article
EIA Inventories Draw Sends Crude Oil Prices Toward $80
Oil prices have turned bullish again today, jumping $1.50 higher as EIA crude Oil inventories showed a considerable drawdown for last week. Full Article
Oil Prices Back at $80 After EIA Inventories
Crude Oil continues to show resilience, as Oil prices continues to find support on dips. It has been sticking around $80 where OPEC wants Full Article
Oil Prices Attempt to Break Above $80 as OPEC Extends Output Cuts to Q2
Oil prices exhibited mostly bullish behavior last week, with West Texas Intermediate (WTI) surpassing $80, as OPEC+ announced an extension.. Full Article
Oil Prices Jump $2 and Retreat Quickly After EIA Inventories
Crude Oil prices went on a round trip in the US session, with WTI crude jumping $2, but retreating again after failing at the $80 resistance Full Article
Oil Prices Jump As OPEC Confirms Extension on Production Cuts
Crude Oil has been showing resilience lately and WTI crude just jumped more than $1 after OPEC announced that they will extend output cut Full Article
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